The Financial Sector Is A Utility Run By Big Government

Posted: 10/29/2014

Introduction

Unfortunately, I do not have the time to do more research to substantiate my claims.

This blog post has more the character of a thesis.

Recently, I have come across a number of articles how the federal government regulates, controls, and directs many aspects of the financial and banking business in the U.S. especially of large banks.

Socialism Rules

Even before the Great Recession the financial sector particularly in the U.S. was a heavily regulated and controlled sector of the economy for decades by big government.

Since the Great Recession things have become much worse in the U.S. and in Europe.

Probably, no other business is as much under this kind of government control than the financial sector.

Grossly Unconstitutional

The tight control and extreme power over the financial sector exercised by the U.S. federal government is totally unconstitutional. This expropriation by government! Private property is merely nominally preserved.

When will the U.S. Supreme Court finally stand up and repudiate big government’s far to excessive control of the financial sector.

Implications

Financial services are way too important to free citizens of this world to have them socialized and controlled by government. Businesses and their customers will find ways to evade government control and government imposed inflexibility and stasis.

More financial services will be offered by heretofore new businesses or businesses previously not involved in finance or banking.

Large banks may choose to dissolve into smaller units to serve their customers etc. and thereby avoiding government oversight.